Naira Appreciates Against Dollar at Forex Market The Naira appreciated against the US dollar on Thursday at the official and parallel foreign exchange markets. Official data from FMDQ disclosed that it appreciated to N901.41/$1 at the close of work on Thursday. The figure represents a N3.15 gain...

FG To Spend N600bn On Electricity Subsidy In 2023   The federal government might have to pay N600bn as electricity subsidy in 2023. The Chairman/CEO of the Nigerian Electricity Regulatory Commission (NERC), Engr. Sanusi Garba made the disclosure at the ministerial retreat on the Integrated National Electricity...

Senate Condemns Trade Ministry Over Alleged N1bn Geneva Trip   The Senate Committee on Trade and Industry on Tuesday condemned the alleged allocation of N1bn for a foreign trip to Geneva, Switzerland, by the Ministry of Trade and Investment. Members of the panel gave the condemnation when...

2024 Budget: FG To Spend N837bn On 2,254 Bridges, Roads   The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal. The government also allocated N548.56b for roads construction in 2024, with the East-West and Benin-Akure...

PFAs Generates N8trn Profit From Pension Investments   The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report. The report, obtained from the Pension Fund Operators Association...

Tinubu's Vision to Revitalise Nigeria's Economy with Privatisation, Commercialisation, PPPs - Shettima Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the renewed hope agenda of the President Bola Ahmed Tinubu...